Angel Studios stock jumps as Trinity Capital commits $100M in growth capital

Alternative asset manager Trinity Capital (NASDAQ:TRIN) announced on Thursday a commitment of $100M in growth capital to the media and technology company Angel Studios (NYSE:ANGX).

ANGX shares were +6.24% pre-market to $9.36. TRIN was +0.87% to $16.23.

Last week, Angel Studios announced the completion of its business combination with the special purpose acquisition company, Southport Acquisition.

"Our investment reflects our support of their mission to bring uplifting content that makes a positive impact on the entertainment industry," said Phil Gager, senior managing director of tech lending at Trinity Capital.